Saudi Arabia has formed a global alliance to push for a two-state solution to the Israeli-Palestinian conflict, the country's foreign minister Prince Faisal bin Farhan Al Saud said on Thursday on the sidelines of the United Nations General Assembly meeting in New York.

Gaza Saudi Arabia announced an international initiative to seek a two-state solution to the Israel-Palestine conflict, on the sidelines of the UN General Assembly in New York. Saudi Foreign Minister Prince Faisal bin Farhan unveiled the Global Alliance to Implement a Two-State Solution between

Oil futures on Thursday ended at their lowest in about two weeks, pressured after the Financial Times reported that Saudi Arabia was ready to abandon its $100-a-barrel price target as it prepares to increase production in a bid to take back market share.

Saudi Arabia is reportedly ready to abandon its unofficial price target of $100 a barrel for crude as it prepares to increase output

Saudi Arabia is ready to abandon its unofficial price target of $100 a barrel for crude as it prepares to increase output, in a sign that the kingdom is resigned to a period of lower oil prices, according to people familiar with the country’s thinking.